Answer: 75 meters
Step-by-step explanation: In this problem, we're asked to convert 7,500 centimeters into meters which means we use the conversion factor for centimeters and meters.
Conversion factor ⇒ <em>100 centimeters = 1 meter</em>
Next, notice that we're converting from a smaller unit "centimeters" to a larger unit "meters" and when we convert from a smaller unit to a larger unit we divide by the conversion factor.
So we divide 7,500 by the conversion factor which is 100.
7,500 ÷ 100 = 75
Therefore, 7,500 centimeters = 75 meters.
Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
Step-by-step explanation:
2/3p+3
where p=3/5
substitute p into 2/3p + 3
2/3(3/5) + 3
2/(9/5) + 3
10/9 + 3
10+3)/9
13/9
1 4/9
